Property Overview
This 1974-built, one-storey home at 446 Redonda Street in Canterbury Park is a property defined by its land and location. Sitting on a 5,499 sqft lot, the parcel is notably larger than most in its immediate area and neighbourhood, offering above-average outdoor space. The home itself, with 845 sqft of living area, is compact and older than many nearby houses. Its key feature is a renovated basement, adding functional space. The appeal here is grounded in value and potential: it’s a home for those who prioritize land size and a solid neighbourhood foundation over a large or modern living area. It would suit a first-time buyer, an investor, or a downsizer looking for a manageable footprint with room to garden, expand, or simply enjoy a generous yard without a premium price tag. The detached garage adds practical storage or workshop space.
Frequently Asked Questions
1. Is the smaller living area a significant drawback?
For some buyers, yes. The living space is below average for the area. However, the renovated basement effectively expands the usable square footage, and the trade-off is the acquisition of a larger-than-typical lot.
2. How does the older year of construction (1974) affect the home?
It places the home well below the neighbourhood average for age. This typically suggests that major components like the roof, windows, or mechanical systems may be nearer to needing attention or updates, which should be factored into budgeting. A thorough inspection is advised.
3. The assessed value seems low compared to the last sale price. What does this mean?
The assessed value is for municipal tax purposes and can often lag behind market value. The more relevant figure is the 2017 sale price of $25,100k, though market conditions have certainly changed since then. The assessment being "around average" for the street suggests the property is viewed as typical by the city assessor.
4. Who would this property not be suitable for?
It may not suit a growing family needing multiple large bedrooms or abundant indoor living space, or a buyer seeking a move-in-ready home with modern, open-concept layouts without planning further renovations.
5. What is the main advantage of the larger lot?
Beyond private outdoor space, it offers flexibility. It could accommodate additions like a deck, shed, or garden, and provides more privacy and distance from neighbours than is common in the area. For the right buyer, this land represents the property's greatest long-term value.